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Higher interests unable to persuade clients to save more
The increase in deposits made by individual clients both in RON and in foreign currencies continued to slow down in February, and reached one of the lowest levels of the past year. Deposits in RON made by individual clients had gone up by 30.8% at the end of F...
Automobile Dacia unable to meet demand for Logan MCV
The waiting period for a Logan MCV, which is designed for emerging markets, now stands at more than three months for Western European countries and could be as long as five months, which is...
Vinterra unable to pay debts to banks
Vinterra International wine producer, a Romanian-Dutch joint venture that owns 100 hectares of vineyard in the Dealu Mare and Vanju Mare regions, has defaulted on bank debts worth several hu...
Banks and brokers unable to sell compulsory pensions directly
Banks, brokers, and financial investment service companies (SSIF) will be unable to sell compulsory pensions (the 2nd pillar) directly, as the Private Pension Supervision Commission (CSSPP)...
Electrica unable to buy electricity on OPCOM platform
The tenders scheduled by Electrica for the acquisition of electricity through the platform managed by OPCOM yesterday were cancelled, as no supplier had submitted any offers, OPCOM represent...
Government is unable to invest euros 800m
Government is unable to invest euros 800m
Social security budget unable to stand on its own
Social security budget unable to stand on its own
Romanians working abroad unable to keep up with imports
The current account deficit of Romania's balance of payments maintained its explosive growth trend in the first month of this year. It amounted to 108 million euros in January 2004, which is...
Economy unable to met domestic demand, pushes imports up
The Romanian economy seems unable to meet domestic demand, which, at this point, is fuelling imports instead. "We are at a crossroads. Once more, we are waiting for the Romanian economy to r...